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Ontario Teachers’ EUR1 billion senior notes offering

Ontario Teachers’ EUR1 billion senior notes offering
Published Date
Jun 6 2025
The A&O Shearman capital markets team represented the agents in connection with a Rule 144A/Regulation S offering by Ontario Teachers’ Finance Trust (OTFT) of EUR1bn aggregate principal amount of 2.850% senior notes due 2031. The notes were issued under OTFT’s global debt program and are guaranteed by OTFT’s parent, Ontario Teachers’ Pension Plan Board.

The notes were listed on the Official List of Euronext Dublin and admitted to trading on its Global Exchange Market.

Ontario Teachers’ Pension Plan Board is an active global investor with investments in more than 50 countries across diversified sectors and asset classes. It is responsible for administering the Ontario Teachers’ Pension Plan and managing the assets of the plan for the benefit of approximately 343,000 working members and pensioners. The plan is Canada’s largest single-profession pension plan with net assets of CAD266.3bn as of December 31, 2024.

Our team was led by U.S. capital markets partner Ryan Robski, associate Nicole Bennewies, and law clerk Jahanvi Pandit, and was supported by tax partner Larry Crouch and associate Daniel Kachmar.

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